Serving Hands Community Development Corporation

Analysis

Serving Hands Community Development Corporation is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Serving Hands Community Development Corporation reported income of $2.4m and spending of $1.6m, leaving 35% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $961k to $2.4m (+154%), an average of +36% a year. The sharpest change came in the year to December 2022, when income rose by 148%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Serving Hands Community Development Corporation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include North Eastern Stragetic Alliance Inc ($2.4m), South Eastern Development Foundation ($2.4m) and Freedom Communities ($2.4m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 9.3% of the total. At year end it held assets of $13.2m against liabilities of $12.1m, net assets of $1.2m.